CandleFocus

Bitcoin Miner Ionic Digital Renews IPO Push, Reports Significant BTC Holdings

Ionic Digital, a bitcoin mining company, plans to revive its initial public offering (IPO) after appointing BDO USA as its new auditor. The company holds 2,102.29 BTC, valued at $135.3 million, as of September 2024. BDO's appointment aims to enhance shareholder confidence and advance Ionic Digital's strategic goals. The company also announced the energization of a second building at its Texas facility, with plans for two more buildings to be constructed. The appointment of BDO USA is expected to improve financial oversight and transparency, helping Ionic Digital manage its bitcoin assets and navigate the competitive mining sector.

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